Lockard Steven C 4
4 · TPI COMPOSITES, INC · Filed Jan 4, 2022
Insider Transaction Report
Form 4
Lockard Steven C
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2021-12-31+59,743→ 488,445 total(indirect: By Trust) - Exercise/Conversion
Restricted Stock Units
2021-12-31−59,743→ 0 total→ Common Stock (59,743 underlying)
Footnotes (2)
- [F1]The Performance Based RSUs vested in full on December 31, 2021. The reporting person was eligible to receive 100% of the Performance Based RSUs if (i) the Issuer's 30 day, volume weighted average stock price exceeded the following stock price hurdles: $36, $42 and $48; and (ii) the reporting person provided continuous service to the Issuer, during the applicable performance period of the underlying award (March 06, 2019 to December 31, 2021).
- [F2]Each RSU represents a contingent right to receive one share of the common stock. All unvested RSUs will automatically expire upon Reporting Person's termination of service from Issuer.